This property looks like a bad Mid-Term investment with a projected -7.72% first-year return on $103k initial cash invested.
-7.72%
Cash On Cash
4.5%
Cap Rate
0.73
DSCR
$2,778
Rent
-$662
Cashflow
Cash Flow
$2,778 income − $3,440 expenses = $662 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,820
Closing costs
1%
$4,041
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,778
Total Expenses
$3,440
Mortgage P&I
74%
$2,067
Property Taxes
10%
$282
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306